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Morocco’s Central Bank forecasts 6.3% drop in Country’s GDP in 2020 & 4.7 % growth in 2021

Morocco’s Gross Domestic Product (GDP) is expected to fall by 6.3 pc this year before recovering quickly and rebounding by 4.7 pc in 2021, said on Tuesday Bank Al Maghrib in a press release issued following its third quarterly meeting. According to the experts of the Kingdom’s central Bank, the Moroccan economy has been affected […]

‘He didn’t die rich’: Bill Gates pledges $198bn to Africa to improve health, education

Microsoft co-founder Bill Gates has announced that the majority of his $200 billion fortune will be spent over the next two decades on transforming health and education across Africa. Speaking at the African Union headquarters in Addis Ababa, Gates called for bold investments in human potential as the key to unlocking prosperity across the continent. […]

Experts urge African nations to shift to local currencies for trade and transactions

Experts at a recent 57th Conference of African Ministers of Finance emphasized the need for African governments to prioritize local currencies for trade and transactions. Hanan Morsy, chief economist of the UN Economic Commission for Africa, highlighted that reducing reliance on the U.S. dollar would protect Africa’s economies from external financial shocks. Africa’s use of […]